Car sales in China increased by 3.8% in 2021

An increase in car sales was recorded in China. At the end of the year, China increased by 3.8% to 26.3 million vehicles. The positive dynamic of sales in the national car market was observed in 2017 for the last time. Electric vehicles were in the highest demand in 2021. Their sales in China jumped 57.7% to 3.5 million units over the previous year. Nevertheless, during the last 8 months of 2021, the car sales volume in the country decreased. By the end of December, they fell by 1.6%. However, machine sales at NIE increased by 114% compared to December 2020. 531 thousand NEV vehicles were sold totally. Over the past few years, China has been focusing on developing products and electric vehicles increasing sales. This work is carried out within the framework of the program for the abatement of harmful emissions. According to the forecast, this year car sales in the country will increase by 5.4%. Sales of vehicles using clean energy sources will grow by 47%.

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Arseny Kudrin

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